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Multifamily Property With Bonus Apartment
For Sale
$800,000

246 Halsted St, East Orange, NJ 07018

Fully occupied multifamily property with apartment spaces on the second and third floors.

Property SizeContact for details
Days on Market8

Property Features for 246 Halsted St

General Information

Standard status Active
Property subtype Multi Family
Occupancy 100%

Taxes and HOA fees

Annual Taxes $9,865

Building Details

Year Built 1930
Units 3
Listing Agency: THE REAL ESTATE COMPANY
Listed By: SUSANA BANCES · License #231617
Source: Elliman
Added: Aug 20 Changed: Aug 21 Last Checked: Aug 26 at 9:56AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of THE REAL ESTATE COMPANY

Investment Insights

Based on property information with market context.

Built in 1930, this multifamily property includes 8 bedrooms, 3 full bathrooms, and 14 total rooms. The second floor contains an apartment, while a separate bonus apartment occupies the third floor. The property is fully occupied and provides current rental income.

Located at 246 Halsted St in East Orange, the property has a walk score of 76, a bike score of 47, and a transit score of 58. It is being offered together with four additional properties identified by MLS numbers 4047644, 4047646, 4047640, and 4047637.

Key Highlights

  • 8 bedrooms, 3 full bathrooms, and 14 total rooms
  • Apartment on the second floor plus a bonus apartment on the third floor
  • Fully occupied with current rental income

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Veterinary Clinic Cafe & Coffee Shop Pet Grooming Service Carpet & Flooring Store Tattoo & Piercing Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%
Occupancy

Location Intelligence

Trade Area within ½ mile

2,138
Businesses Nearby

Demographics for 07018, NJ

30,429
Population
13,107
Households
2.3
Avg Household Size
36
Median Age
25%
College-Educated
86%
High-School Grad
1.7 sq mi
ZIP Area
17,899
Density / Sq Mi
$59,039
Median Household Income
$39,630
Median Earnings
$1,410
Median Rent
$314,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Multifamily property - Fully occupied multifamily property with apartment spaces on the second and third floors.
Where is this multifamily property located?
The property is located at 246 Halsted St East Orange, NJ.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 8 bedrooms, 3 full bathrooms, and 14 total rooms; Apartment on the second floor plus a bonus apartment on the third floor; Fully occupied with current rental income
More about this property
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